TITLE
A Resolution of the Mayor and City Council of the City of Maricopa, Arizona, approving and adopting the North Santa Cruz Wash improvements development agreement between the City of Maricopa and Eagle Shadow, L.L.C. an Arizona Limited Liability Company; E.L.G. Investments, L.L.C., an Arizona Limited Liability Company; Cook/El Dorado, L.L.C., an Arizona Limited Liability Company; Honeycutt Estates, LLC, an Arizona Limited Liability Company; IOTA Eagle, LLC, an Arizona Limited Liability Company; Maricopa 240, L.L.C., an Arizona Limited Liability Company; Desert Sunrise, L.L.C., an Arizona Limited Liability Company; and Dawn Rider, LLC, an Arizona Limited Liability Company in compliance with A.R.S. §9-500.05 and authorizing the City Manager to make minor corrections and clarifications consistent with the intent of this Development Agreement. Discussion and Action.
AGENDA ITEM DESCRIPTION
The City of Maricopa is situated in several flood plains, the largest flood plains being the Santa Cruz, Santa Rosa and Vekol washes. These washes generally flow in a northwesterly direction, outflowing into the Gila River north of Maricopa. While normally dry these flood plains do produce several significant flooding events on a semi-regular basis. The largest flood plain in terms of land is located within the North Santa Cruz Wash (NSCW), located in the eastern third of the City. Approximately 3,500 acres of land lie within the NSCW flood plain, the majority of land is planned for single family residential. Land located within flood plains is generally not available for development, thus limiting future growth options.
Due to increased residential development interest in the area in and adjacent to the North Santa Cruz Wash, a consortium of land owners began working together in 2006 to develop a regional solution to channelize the Santa Cruz Wash. A development agreement between the participating parties exchanged hands dozens of time until the channelization project lost...
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